Eidoo Card Teal
Eidoo Card Purple
Eidoo Card Black

Introduce your digital currencies to the real world.
Experience DeFi on demand with the Eidoo Card

Pre-order yours and enjoy exclusive rewards,
including up to 10% crypto cashback.

Roubini vs Vitalik: “Buterin is a dictator and decentralization is a myth”
Roubini vs Vitalik: “Buterin is a dictator and decentralization is a myth”
Blockchain

Roubini vs Vitalik: “Buterin is a dictator and decentralization is a myth”

By Amelia Tomasicchio - 8 Oct 2018

Chevron down

Nouriel Roubini, the economist who had been able to predict the market collapse of 2008 three years in advance, recently expressed very strong views on the crypto sector.

In one of his Twitter posts, in fact, Roubini said that decentralization is only a myth and that the blockchain sector can be compared to North Korea, referring to the centralization of mining and exchanges.

In addition, Roubini described Vitalik Buterin as a dictator, along with all other developers in the industry.

Decentralization in crypto is a myth. It is a system more centralized than North Korea: miners are centralized, exchanges are centralized, developers are centralized dictators (Buterin is “dictator for life” ) & the Gini inequality coefficient of bitcoin is worse than North Korea.

And this isn’t the first time that Roubini has expressed himself like this against crypto.

A couple of days ago, Roubini wrote that most crypto and blockchain media are “crypto-con parasites” living off bubbles who were bought by “crypto-con artists” and have no restraint in writing about scams.

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.